Bain Capital decreased its stake in Avis Budget Group (CAR) by 17.75% based on its latest 2017Q3 regulatory filing with the SEC. Brookside Capital Management Llc sold 68,873 shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Bain Capital held 319,219 shares of the consumer services company at the end of 2017Q3, valued at $12.15M, down from 388,092 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.78B market cap company. The stock decreased 0.09% or $0.04 during the last trading session, reaching $46.41. About 1.15M shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since January 30, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.
Paul J. Isaac increased its stake in Iron Mountain Inc (Put) (IRM) by 113.33% based on its latest 2017Q3 regulatory filing with the SEC. Arbiter Partners Capital Management Llc bought 170,000 shares as the company’s stock declined 5.84% while stock markets rallied. The hedge fund run by Paul J. Isaac held 320,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $12.45M, up from 150,000 at the end of the previous reported quarter. Arbiter Partners Capital Management Llc who had been investing in Iron Mountain Inc (Put) for a number of months, seems to be bullish on the $9.67B market cap company. The stock decreased 4.70% or $1.68 during the last trading session, reaching $34.08. About 3.65M shares traded or 109.42% up from the average. Iron Mountain Incorporated (NYSE:IRM) has declined 3.72% since January 30, 2017 and is downtrending. It has underperformed by 20.42% the S&P500.
Brookside Capital Management Llc, which manages about $1.58B US Long portfolio, upped its stake in Immune Design Corp (NASDAQ:IMDZ) by 909,613 shares to 1.30 million shares, valued at $13.45 million in 2017Q3, according to the filing. It also increased its holding in Barracuda Networks Inc (NYSE:CUDA) by 242,934 shares in the quarter, for a total of 466,034 shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).
Since August 9, 2017, it had 1 buy, and 8 selling transactions for $123.78 million activity. $29,764 worth of Avis Budget Group, Inc. (NASDAQ:CAR) shares were sold by Hardy John D. Jr.. Sweeney Stender E sold 1,500 shares worth $52,530. SRS Investment Management – LLC had bought 3.50 million shares worth $141.96M. Shares for $1.05 million were sold by De Shon Larry D on Monday, October 30. Calabria David T also sold $46,618 worth of Avis Budget Group, Inc. (NASDAQ:CAR) shares. $108,270 worth of Avis Budget Group, Inc. (NASDAQ:CAR) was sold by Linnen Edward P.
Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.46, from 1.04 in 2017Q2. It dived, as 45 investors sold CAR shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported. Baupost Group Incorporated Ma has 1.04 million shares. 116,936 are held by Metropolitan Life Insurance Comm New York. Par Mgmt has 2.77% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Guggenheim Cap Limited Liability Corp has 239,715 shares. Menta Capital Ltd Limited Liability Company holds 0.07% or 12,500 shares. Schroder Investment Group has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 12,348 shares. Mountain Lake Invest Mngmt Llc owns 6.93% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 544,500 shares. Next Gp Inc reported 7 shares. Shanda Asset Management Hldgs Ltd accumulated 100,000 shares or 0.51% of the stock. Stifel holds 0% or 6,937 shares. The Illinois-based Lsv Asset Mgmt has invested 0.04% in Avis Budget Group, Inc. (NASDAQ:CAR). Royal State Bank Of Canada holds 0% or 68,873 shares. Morgan Stanley, a New York-based fund reported 4.88M shares. Moreover, Citigroup has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 125,622 shares. Rhumbline Advisers accumulated 170,044 shares.
Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on February, 21. They expect $0.19 EPS, up 26.67% or $0.04 from last year’s $0.15 per share. CAR’s profit will be $15.47 million for 61.07 P/E if the $0.19 EPS becomes a reality. After $3.10 actual EPS reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -93.87% negative EPS growth.
Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Avis Budget had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, November 16 with “Equal Weight”. Macquarie Research initiated it with “Outperform” rating and $44 target in Friday, August 26 report. Barclays Capital maintained it with “Equal-Weight” rating and $35 target in Monday, February 22 report. On Tuesday, September 27 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Neutral” rating by Credit Suisse given on Friday, February 17. The firm has “Buy” rating given on Friday, August 4 by J.P. Morgan. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Buy” rating by M Partners on Monday, December 14. The rating was maintained by Barclays Capital with “Equal Weight” on Wednesday, August 5. On Thursday, September 14 the stock rating was maintained by Credit Suisse with “Hold”. The firm earned “Equal-Weight” rating on Wednesday, November 1 by Barclays Capital.
Arbiter Partners Capital Management Llc, which manages about $1.06B and $896.54M US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 100,500 shares to 103,500 shares, valued at $5.08M in 2017Q3, according to the filing. It also reduced its holding in Devon Energy Corp (NYSE:DVN) by 109,510 shares in the quarter, leaving it with 65,490 shares, and cut its stake in Xerox Corp.
Investors sentiment increased to 1.86 in 2017 Q3. Its up 0.45, from 1.41 in 2017Q2. It increased, as 24 investors sold IRM shares while 87 reduced holdings. 60 funds opened positions while 146 raised stakes. 230.28 million shares or 2.68% more from 224.27 million shares in 2017Q2 were reported. Ny State Teachers Retirement Systems holds 333,220 shares. Highland Lc owns 75,022 shares for 0.23% of their portfolio. Princeton Cap Inc owns 14,972 shares for 0.29% of their portfolio. Envestnet Asset Mgmt reported 53,281 shares. Stephens Ar has 0.12% invested in Iron Mountain Incorporated (NYSE:IRM). Plante Moran Lc holds 0% or 56 shares. Sumitomo Mitsui Trust holds 881,810 shares or 0.05% of its portfolio. 32,040 were reported by Tru Advsr. Fjarde Ap reported 0.05% of its portfolio in Iron Mountain Incorporated (NYSE:IRM). Credit Suisse Ag invested in 333,107 shares or 0.01% of the stock. Green Street Invsts Ltd stated it has 50,000 shares or 1.18% of all its holdings. Liberty Mutual Grp Asset Mngmt holds 9,947 shares. Caisse De Depot Et Placement Du Quebec reported 0% of its portfolio in Iron Mountain Incorporated (NYSE:IRM). The Michigan-based Azimuth Mngmt Ltd has invested 0.14% in Iron Mountain Incorporated (NYSE:IRM). Washington National Bank & Trust has invested 0.06% in Iron Mountain Incorporated (NYSE:IRM).
Among 5 analysts covering Iron Mountain Incorporated (NYSE:IRM), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. Iron Mountain Incorporated had 10 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 28. The rating was downgraded by Deutsche Bank to “Sell” on Wednesday, June 7. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, September 1 report. On Thursday, October 5 the stock rating was maintained by Robert W. Baird with “Hold”. Stifel Nicolaus maintained Iron Mountain Incorporated (NYSE:IRM) rating on Friday, October 20. Stifel Nicolaus has “Buy” rating and $43.0 target. On Wednesday, October 25 the stock rating was maintained by Robert W. Baird with “Neutral”. The company was maintained on Thursday, August 24 by Robert W. Baird. The firm earned “Buy” rating on Monday, April 18 by Stifel Nicolaus.
The post Avis Budget Group (CAR) Holder Brookside Capital Management Has Cut Its Stake; Iron Mountain (Put) (IRM) Holding Raised by Arbiter Partners Capital Management Llc appeared first on Stock Market News | HillCountryTimes | Get it Today.
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